Overview
Australand’s investment property portfolio, comprising the properties of Australand Property Trust and Australand Property Trusts No. 4 and No.5, consists of 48 income producing properties, with a combined value of approximately $1.5 billion. It has a weighting of 51% office and carpark and 49% industrial. The portfolio has an occupancy of 99%, an average passing market capitalisation rate of 7.3% and a weighted average lease expiry of 7.4 years (weighted by base rent).
Major tenants include PriceWaterhouseCoopers, Coles Myer, Commonwealth Government of Australia, Nestle Australia Limited, State Government of New South Wales, LG Electronics, Toll and Cadbury Schweppes.
Profile
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Number of Properties: |
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48 (as at 31.12.2006) |
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Book Value: |
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$1.49 billion (approx) |
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Average Lease Expiry: |
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7.4 years (as at 31.12.2006) |
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Geographic diversification: |
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NSW 59%, VIC 32%, QLD 7%, SA 1% & WA 1% |
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Sub Sector Diversification: |
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Commercial Office 50%, Carpark 1% & Industrial 49% |
For details on the properties in our property portfolio click here.